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Unlike CD, SND and SB account, Branch shall accept deposit of fixed amount of money from the customers for a fixed period of time with interest under the term plan time to time. Priority Deposit Scheme is neither Transferable nor Negotiable and as such payment against this instrument with interest shall normally be made to the depositor on maturity. Payment against PDS can also be made to nominee or assignee after observing essential formalities.
1. Any Bangladeshi National (Adult, sound-minded having bonafide income) and institutions/organizations incorporated and operating in Bangladesh who are not adjudicated as insolvent by any Court of Law of the land can open this Account for fixed tenure with any amount but not less than BDT 5.00 Lakh.
2. Fixed Deposit Account can be opened in the name of
|Amount||1 Month||3 Months||6 Months||1 Year||2 Years||3 Years|
|5.00 lac and above||3.00||4.50%||5.00%||5.00%||6.00%||6.00%|